Heliostar Metals stock gains on Mexican asset buys
Heliostar aims to reach production of more than 500,000 oz. of gold a year by 2030.
About 540 workers at Gold One International Ltd.’s Modder East mine have been prevented from returning to the surface by labor-union members after a dispute over recognition, according to a company spokesman.
Workers at the operation near Johannesburg were kept underground after the night shift ended by the Association of Mineworkers and Construction Union, according to Jon Hericourt, a Gold One spokesman. “Last night we heard AMCU members prevented workers from coming back up,” he said.
For more than a decade, the company has identified the National Union of Mineworkers as the recognized labor group, Hericourt said. AMCU has claimed to meet the criteria needed to reach the status and threatened to strike in a court process that hasn’t been concluded, he said.
Jimmy Gama, an AMCU official, didn’t answer a call seeking comment.
Production is at a standstill as the company meets with labor and tries to gain access to the mine to help employees who have been injured in the dispute, Hericourt said.
(By Paul Burkhardt)
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